CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 354	$ 174
Restricted cash	26	3
Trade receivables, net (Note 3)	724	721
Inventories, net	628	572
Prepaid expenses and other current assets (Note 3)	405	165
Total current assets	2,137	1,635
Property, plant and equipment, net	1,300	1,225
Intangible assets, net	2,058	2,264
Goodwill	4,507	4,586
Deferred tax assets, net	927	933
Other non-current assets (Note 3)	215	180
Total assets	11,144	10,823
Current liabilities:
Accounts payable (Note 3)	370	239
Accrued and other current liabilities	901	860
Current portion of long-term debt	25	0
Total current liabilities	1,296	1,099
Deferred tax liabilities, net	7	24
Other non-current liabilities	329	298
Long-term debt	2,411	0
Total liabilities	4,043	1,421
Commitments and contingencies (Notes 20 and 21)
Equity
Common shares, no par value, unlimited shares authorized, 350,000,749 shares issued and outstanding (Note 18)	0	0
Additional paid-in capital	8,285	0
Accumulated earnings	6	0
BHC investment	0	10,364
Accumulated other comprehensive loss	(1,258)	(1,035)
Total Bausch + Lomb Corporation shareholders’ equity	7,033	9,329
Noncontrolling interest	68	73
Total equity	7,101	9,402
Total liabilities and equity	$ 11,144	$ 10,823